Press release
Latest Trend in Aerial Work Platforms Market; Key Players Skyjack, Snorkel, Tadano Limited, JLG Industries, Manitou Group, Haulotte Group, Holland Lift International
Aerial Work Platforms Market
These platforms enable engineering and maintenance technicians to efficiently perform a range of tasks in commercial and institutional facilities. The key element of hiring an aerial work platform is to carry out various operations at heights which may differ from industry to industry. It may range anywhere between the rough terrain encountered at construction sites and the flat indoor floors seen in facility management activities.
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Aerial work platforms are normally used for a variety of maintenance and construction purposes and are operated by a broad range of professionals. The various types of aerial work platforms utilized in construction sector includes telescopic boom lifts, aerial lifts, and articulating boom lifts.
These platforms are made for reaching heights which generally other types of machines are not able to reach. For indoor construction projects as well as other common wiring jobs, scissor lifts are usually chosen because only a limited extension is needed.
The aerial work platform market is bifurcated in terms of product, type, platform height, application, and regional landscape.
With respect to product, the market is classified into personal portable lifts, scissor lifts, vertical mass lifts, and boom lifts. Among these, the vertical mass lifts segment is likely to record a CAGR of over 3% between 2020-2026 due to the increasing demand for personal lifts in indoor maintenance & repair activities.
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Based on type, the market is divided into, electric and engine powered. Among these, the engine powered segment held a market share of over 30% in 2018 owing to the demand for high performance lifting solutions in application industries.
Engine powered scissor lifts are chosen for applications which require more lifting capacity as well as more workspace. These lifts deliver excellent gradeability and terrainability which makes it feasible to maneuver through roughest of job sites.
With respect to platform height, the market is categorized into above 25 meters, 20-25 meters, 10-20 meters, and below 10 meters. Among these, the 10-20 meters held the majority of the market share in 2019 and will register steady growth during the analysis timeframe.
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Based on application, the market is segmented into, government, rental, transportation & logistics, construction & mining, and utility. The transportation & logistics segment will witness a CAGR of over 8% between 2020-2026 due to the increasing demand for access platforms for lifting heavy items in warehouses.
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